Meinl Airports International Chairman sends Letter to Investors recommending the Board Proposals

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St, Helier Jersey (euro adhoc) - Meinl Airports International Limited
("MAI" or the "Company"), incorporated in Jersey and whose
certificates representing shares in the Company are listed on the
Third Market of the Vienna Stock Exchange, announces today that Louis
Turpen, Chairman of MAI, has sent a letter to a number of its
investors concerning the benefits of the Board Proposals announced on
July 11 2008 and the Board´s reasons for recommending its proposals
to investors. The key contents of the letter can be summarised as
follows:

• The programme offered by the requisitionists would destroy value
since it results in the abandonment of six months hard work and
progress. It forces MAI to go back to the beginning and forego all
the gains that have been made in terms of the greater independence of
the Board, the renegotiation of the Licence Agreement with Meinl Bank
and the significant changes secured to the Management Agreement with
Meinl Airports Managers;

• The gains secured by the MAI Board as part of the Board Proposals
should result in an almost halving of the annual payments MAI pays to
the Meinl Bank Group and have resulted in a significant reduction in
the net present value ("NPV") of MAI´s contracts with Meinl Bank -
approximately half the NPV estimated independently by MAI´s financial
advisors before the renegotiations;

• The proposed call option on which MAI has exchanged heads of
agreement for the cancellation of the Management Agreement gives the
Board true flexibility; it will allow the MAI Board to terminate its
relationships with Meinl Airport Managers and Meinl Bank, to
internalise management and drop the Meinl name at any time over the
12 months following 29 July 2008, as opposed to the 6-year notice
period under the existing fee structure that would continue in force
if the Board Proposals are not supported; and

• The exercise of the call option will be subject to the approval of
MAI investors at the time it is exercised whilst the call option and
the changes to the Licence Agreement and the Management Agreement are
all conditional upon a majority of the Board members following the
AGM and the EGM on 28 July being made up of existing directors and
directors appointed on the recommendation of the existing Board.

In his letter to investors Louis Turpen, Chairman of MAI, said:

"I will freely admit that many of the actions we have taken were
accelerated by the action of the requisitionists. But what is before
us now is simple - taking advantage of the progress we have made to
date or abandoning all of those hard won efforts and starting over
again in difficult negotiations involving the agreements with Meinl
Bank which are legally binding upon Meinl Airports International.
Everything we have been asked by our investors, we have done. We have
performed for you and now I ask that you support us in rejecting the
requisitionists´ programme. I would encourage you to embrace and
endorse the efforts of the MAI Board."

Retail Investor Helpline

A retail investor helpline is available in Austria to assist
investors who have enquiries regarding the voting arrangements. The
helpline number in Austria is 0800-222044

Blackwood Capital Group Holding Limited is acting solely for Meinl
Airports International Limited in connection with the matters
referred to in this announcement and will not be responsible to
anyone other than Meinl Airports International Limited for providing
the protections afforded to clients of Blackwood Capital Group
Holding Limited or for providing advice in relation to the matters
referred to in this announcement.

Lazard & Co., Limited is acting solely for Meinl Airports
International Limited in connection with the matters referred to in
this announcement and will not be responsible to anyone other than
Meinl Airports International Limited for providing the protections
afforded to clients of Lazard & Co., Limited or for providing advice
in relation to the matters referred to in this announcement.

About Meinl Airports International

MAI is a long-term investor in airports and airport-related
businesses with a particular focus on growth markets in Central and
Eastern Europe, South Eastern Europe and Russia. The Company was
founded in 2006 and since April 2007 its certificates, representing
shares in the Company, have been listed on the Third Market of the
Vienna Stock Exchange.

MAI has successfully made seven acquisitions already and today is an
active investor in airports with a combined total of more than 30
million annual passengers. In both Poland and Russia, MAI was the
first foreign investor in international airports. The Company´s
current portfolio includes investments in Lake Baikal Airport, Ulan
Ude (Russia), TAV Airports (Turkey), Sochaczew Airport Development
(Poland), Bydgoszcz Airport (Poland) and Parma Airport (Italy). The
Company believes that all of these airports have a significant future
growth potential.

MAI is also currently evaluating further potential investments, the
majority of which are located in the Company´s core target markets of
Central and Eastern Europe, South Eastern Europe and Russia.

MAI is incorporated and registered in Jersey (registered number
93803), with its registered office at 26 New Street, St Helier,
Jersey, Channel Islands JE2 3RA.

end of announcement euro adhoc
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ots Originaltext: Meinl Airports International Ltd.
Im Internet recherchierbar: http://www.presseportal.de

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Branche: Real Estate
ISIN: AT0000A053N4
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